73rd UN General Assembly Will Feature Blockchain

The United Nations General Assembly features authorities from all around the world, and this year they’re going to be talking blockchain.

It has been announced that the 73rd UN General Assembly will include a symposium on the benefits of blockchain technology. The discussion will center on using blockchain for social good.

The assembly will take place on September 24th. On that day, government officials and other experts in the blockchain space will gather. The symposium will be called “Blockchain for Social Good: Utilizing Blockchain to Aid Economic Development.” Blockchain’s potential for boosting economic growth and overall development will also be on the table for discussion.

The symposium will be held in New York City at their UN headquarters and will be hosted by the Blockchain Charity Foundation, Women Political Leaders Global Forum, and the Finance Center for South-South Cooperation. One of the expected speakers will include Malta’s President Marie-Louise Coleiro Preca. Malta has become something of a hub in recent years for blockchain-related development since the small country’s existing laws make it something of a ‘safe haven’ for crypto-related development and projects.

The head of the Blockchain Charity Foundation (BCF), Helen Hai, has commented on this future symposium:

“BCF firmly believes that blockchain will substantially transform the world by introducing transparency, accountability and efficiency to charitable activities and accelerating global poverty reduction, job creation and economic growth.”

“BCF is delighted to work with international organizations and industry leaders to embark on this new journey together,” added Hai, who is also UNIDO Goodwill Ambassador.

BCF remains the main sponsor of this United Nation symposium. A not-for-profit organization, BCF’s main goal is the social acceptance of blockchain technology for the better welfare of peoples. For example, one of BCF’s held beliefs as per their mission statement is that the use of blockchain could help the UN more easily reach its 2030 Sustainable Development Goals. Currently, BCF has been primarily concerned with established relationships with global international organizations and others in this emerging technological field, but this is the first them they have been asked to speak and host a UN-related symposium.

Naturally, this is the not the first time the United Nations has shown some interest in blockchain technology. In fact, the use of blockchain for the greater international good seems to be commonly accepted in the international body. For example in February, the UN Food Bank Progamme officially migrated and expanded to a blockchain-based system. This was done so that fees would be greatly reduced when sending aid across borders.